RedT benefits from power security demand

The share price of RedT Energy (RED) has been bubbling up of late, buoyed by news of major deals signed in Germany and the UK, although the underlying structural driver – one that will intensify over time – is the continued take-up of intermittent renewable power generation. Regardless of whether RedT’s vanadium redox flow technology is widely adopted – and recent signs are certainly encouraging – demand for flexible power storage systems seems to be only heading one way.